The White House is considering applying sanctions against companies and individuals in China it believes have benefited from Chinese hacking of U.S. trade secrets, the Washington Post reported on Sunday. The newspaper, citing several unidentified Obama administration officials, said a final determination on whether to issue the sanctions was expected soon, possibly as early as the next two weeks. Suspicions that Chinese hackers were behind a series of data breaches in the United States have been an irritant in relations between the world's two largest economies as President Xi Jinping prepares to make his first visit to the United States next month.
By Allison Martell and Alastair Sharp TORONTO (Reuters) - The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks. Avid Life Media announced on Friday that CEO Noel Biderman, who founded the website in 2001, had left the company with immediate effect, the latest sign of the wrenching impact on the company of the attack that led to the disclosure of sensitive data about millions of clients.
By Joseph Menn and Heather Somerville SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] has hired two top vehicle security researchers, the company said on Friday, high-profile additions that come as the ride-hailing service ramps up its work on technology for self-driving cars. Charlie Miller, who had been working at Twitter Inc, and Chris Valasek, who worked at security firm IOActive, have resigned from their jobs and will join Uber next week. Miller and Valasek won wide attention this month after demonstrating that they could hack into a moving Jeep.
By Joseph Menn SAN FRANCISCO (Reuters) - In 2009, Eugene Kaspersky, co-founder of one of the world's top security companies, told some of his lieutenants that they should attack rival antivirus software maker AVG Technologies N.V. by "rubbing them out in the outhouse," one of several previously undisclosed emails shows. As previously reported by Reuters, the plan involved creating fake virus samples and malware identifications to fool competitors into disabling or deleting important files, thereby creating problems for their customers.
United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executives told Reuters. The new initiatives aim to narrow the gap in performance between United Continental Holdings Inc and Delta Air Lines Inc , which has the best on-time record of U.S. airlines.
NEW YORK (AP) — The CEO of the company that runs adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members.
By Alastair Sharp TORONTO (Reuters) - The chief executive of infidelity website Ashley Madison's parent company Avid Life Media has left, just over a week after hackers leaked data about millions of its clients in a massive cyber assault. Avid Life said on Friday the departure of Noel Biderman was by "mutual agreement" and its existing senior management team would take over until a new CEO is appointed. On Aug. 18, hackers who claimed to be unhappy with its business practices released the Ashley Madison customer data, and police probing the breach said it had sparked extortion attempts and at least two unconfirmed suicides.
By Alistair Bell WASHINGTON (Reuters) - Republican presidential candidate Marco Rubio on Friday accused Chinese President Xi Jinping, who is scheduled to make a state visit to Washington next month, of stepping up a campaign to push the United States out of Asia. Rubio, a foreign policy hawk, called on President Barack Obama "to speak bluntly to this authoritarian ruler" and downgrade Xi's visit by scrapping a planned state dinner at the White House. Rubio, a U.S. senator from Florida, accused Xi of trying to undermine U.S. influence in Asia by asserting Chinese control over disputed territories in the East and South China Seas.
By Simon Jessop and Ross Kerber LONDON/BOSTON (Reuters) - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have led the way in developing cyber defenses and some top fund managers have ramped up pressure on companies to do more, but the broader picture is less encouraging. "I don't see any visible stand asset managers are taking, like they do on other social responsibility items," said Malcolm Harkins, information security chief at U.S. cyber security start-up Cylance Inc. The soft underbelly of companies outside the banking sector was exposed again this month when hackers leaked details of nearly 37 million clients of Ashley Madison.
BEIJING (AP) — The U.S. national security adviser met with President Xi Jinping on Friday amid final preparations for the Chinese leader's visit to Washington next month, with both sides expressing optimism despite their differences.
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